ING warns upside inflation risks re-emerging for Philippine Peso

ING·6 Aug 2026·

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ING economists Deepali Bhargava and Lynn Song warn that upside inflation risks are re-emerging for the Philippine Peso, driven by recovering oil prices and expectations of a strong El Niño that could spark a food-price shock. Rising global rice and fertiliser prices add to pressures.

US Dollar/Philippine Peso FX Spot Rate ▼

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💱US Dollar/Philippine Peso FX Spot Rate

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ING warns upside inflation risks re-emerging for PHP due to oil and El Niño, likely prompting tighter monetary policy or support for PHP.

ING warns upside inflation risks re-emerging for Philippine Peso

Impact on assets 1

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